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Employees: 6,305
Size Beijing SPC Environment Protection Tech (002573.SZ) is a China Industrials company (Engineering & Construction) with a market value of $619M, the 3348th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.91 on 6 Nov 2026.
Performance Over six months the shares fell 22.2%, against -17.1% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +10.7%); the operating margin is -2.0% (peer median 7.8%).
Valuation It trades at 1.7× enterprise value to sales against a peer median of 1.1× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.4 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.04B | CN¥8.88B | CN¥8.52B | CN¥8.56B | CN¥8.00B |
| Revenue growth | — | +4% | 0% | +7% | — |
| Gross profit | CN¥2.14B | CN¥1.09B | CN¥1.20B | CN¥1.37B | CN¥1.71B |
| EBITDA | n/a | CN¥1.17B | CN¥1.21B | CN¥1.36B | CN¥1.81B |
| Net income | -CN¥400M | -CN¥421M | -CN¥375M | CN¥127M | CN¥448M |
| Free cash flow | CN¥1.13B | CN¥1.08B | CN¥957M | -CN¥17.7M | CN¥23.3M |
| Capital expenditure | CN¥434M | CN¥427M | CN¥569M | CN¥920M | CN¥1.05B |
| Total debt | CN¥10.9B | CN¥11.9B | CN¥12.0B | CN¥12.1B | CN¥11.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002573.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -7.2% | 11th highest of 21 |
| 6-month return | -22.2% | -17.1% | 9th lowest of 20 |
| Distance from 52-week high | -31.7% | -36.6% | 9th highest of 21 |
| Revenue growth (TTM) | +1.4% | +10.7% | 5th lowest of 21 |
| Operating margin | -2.0% | 7.8% | 4th lowest of 21 |
| EV / Sales | 1.7× | 1.1× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.2% | 7.6% | 6th least demanding of 14 |
| Growth delivered (Del g) | +13.7% | +8.4% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | -8.6 pp | -9.5 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -2.4 pp | +0.1 pp | 7th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing SPC Environment Protection Tech 002573.SZ | China | $619M | -22% | +1% | -2% | 1.7× | 5.2% | +13.7% |
| CTI Engineering 9621.T | Japan | $619M | +22% | +8% | 9% | 0.6× | -9.0% | +9.2% |
| Chong Hong Development 5534.TW | Taiwan | $625M | -16% | -18% | 24% | 4.2× | n/a | n/a |
| Limbach LMB | United States | $627M | -36% | +21% | 6% | 1.1× | 12.6% | +2.6% |
| Transrail Lighting TRANSRAILL.NS | India | $628M | -25% | +14% | 11% | 0.8× | 5.9% | +25.9% |
| Global Chinese Business Club 1757.HK | Hong Kong | $610M | -78% | +121% | 1% | 9.0× | n/a | n/a |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 0.9× | -3.5% | +8.4% |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 3.5× | -2.0% | -1.0% |
| Hainan Expressway 000886.SZ | China | $598M | -27% | +185% | -12% | 3.7× | n/a | n/a |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 1.1× | 7.6% | +4.1% |
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | 0.8× | -11.0% | +12.5% |
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 15.7× | 41.7% | +168.9% |
| Anhui Tongyuan Environment Energy Saving 688679.SS | China | $586M | -43% | -17% | 0% | 3.0× | n/a | n/a |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | 0.8× | n/a | n/a |
| InstallatorGruppen A/S IG.CO | Denmark | $584M | n/a | +51% | 4% | 1.3× | 9.1% | +50.8% |
| Hainan Jingliang 000505.SZ | China | $583M | -14% | -19% | -4% | 0.8× | n/a | n/a |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | 2.4× | 24.9% | -33.5% |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 0.9× | -11.4% | -1.9% |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | 3.2× | 13.4% | +9.6% |
| Assystem ASY.PA | France | $574M | -16% | +4% | 5% | 0.9× | 11.1% | +8.4% |
| China Haisum Engineering 002116.SZ | China | $573M | -16% | -6% | 5% | 0.2× | n/a | n/a |